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Alternative Market Briefing

New York City sticks with crypto, launches blockchain education center

Friday, January 11, 2019

Laxman Pai, Opalesque Asia:

The New York City Economic Development Corporation (NYCEDC) has announced it has selected FuturePerfect Labs and Global Blockchain Business Council Future to launch and operate the City's first public-private NYC Blockchain Center

NYCEDC also said in a press note that it has selected SecondMuse to operate the NYC BigApps Blockchain Challenge.

Both initiatives will help foster the continued growth of New York City's burgeoning blockchain industry, it said.

The city will also test the use of blockchain technology in the fall, according to a Bloomberg report.

"New York isn't giving up on the digital-ledger technology that makes Bitcoin and other tokens work even after last year's collapse of the cryptocurrency market," said the report.

FuturePerfect Labs, an affiliate of FuturePerfect Ventures (FPV), and GBBC Labs, a subsidiary of the Global Blockchain Business Council (GBBC) will manage the NYC Blockchain Center.

Jalak Jobanputra of FPV and Sandra Ro of GBBC, both early pioneers of the technology globally and notable fixtures in New York City's blockchain ecosystem, will co-lead this unique private-public partnership and bring their extensive blockchain expertise and networks to the Center.

"We are thrilled to partner with two accomplished blockchain industry leaders to help grow New York City's blockchain network," said NYCEDC President and CEO James Patchett. "The new Blockchain Center will serve as a vital resource ......................

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